Introduction
The European currencies gained momentum as the interest rate in the USA was cut by 0.5%. Thus, the last but one wave of the many-month correction of these currencies keeps forming.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28175_5194.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with almost equal legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28175_5195.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to possible variants of wave counting on smaller time-frames upward movement may be expected to continue in the shape of impulse c of (y) of .
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28175_5196.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of running triangle XX may keep forming in the shape of the doubel zigzag with almost equal legs. We should wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28175_5197.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames upward movement may be expected to continue in the shape of zigzag (y) of .
3. USD/JPYFor survey wave counting of JPY refer to Annual -07(2) and Monthly -0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28175_5198.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Once wave (iv) of completes impulse may be expected to finish. According to the wave picture on smaller time-frames wave (iv) of may complete in the nearest future.
http://www.alpari-forex.com/files/pic/docs/6/28175_5199.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
The fact that upward movement is forming in the shape of double zigzag y of (iv) does not guarantee that wave (iv) completes as double three w-x-y may change into an extended correction.
4. USD/CHFFor survey wave counting of CHF refer to Annual -07(2) and Monthly -0907. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28175_5200.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28175_5201.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames downward movement may be expected to continue in the shape of impulse (C) of of y of (y) of .
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 19, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Many-month correction for the European currencies keeps forming.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28184_5216.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with almost equal legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28184_5217.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames upward movement may be expected to continue in the shape of impulse c of (y) of .
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28184_5218.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of running triangle XX may keep forming in the shape of the double zigzag with almost equal legs. We should wait for confirmation of its completion.
At the same time wave may be completed already and wave may be assuming the shape of some final extended correction.
http://www.alpari-forex.com/files/pic/docs/6/28184_5219.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames upward movement may be expected to continue in the shape of double zigzag (y) of .
3. USD/JPYFor survey wave counting of JPY refer to Annual -07(2) and Monthly -0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28184_5220.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Once wave (iv) of completes impulse may be expected to finish. According to the wave picture on smaller time-frames wave (iv) of may complete in the nearest future.
http://www.alpari-forex.com/files/pic/docs/6/28184_5221.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
The fact that upward movement is forming in the shape of double zigzag y of (iv) does not guarantee that wave (iv) completes as double three w-x-y may change into an extended correction.
4. USD/CHFFor survey wave counting of CHF refer to Annual -07(2) and Monthly -0907. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28184_5222.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28184_5223.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames downward movement may be expected to continue in the shape of the diagonal triangle (C) of of y of (y) of .
5. USD/CADIn article USD/CAD Possible Weakening till the Mid of 2009 possible scenarios of price movement were considered. Currently price fluctuations remain within the forecast (see pictures 9 and 10 below).
http://www.alpari-forex.com/files/pic/docs/6/28184_5224.gif
Figure 9. Final 240 min chart of USD/CAD.
http://www.alpari-forex.com/files/pic/docs/6/28184_5225.gif
Figure 10. Final daily chart of USD/CAD.
http://www.alpari-forex.com/files/pic/docs/6/28184_5226.gif
Figure 11. Wave counting on the daily chart of USD/CAD.
Supposedly, final wave 5 of (5) of global impulse is forming. Possible levels of its completion are marked in the chart. The projected area of wave of 5 of (5) of completion should be specified once wave of 5 of (5) of finishes.
At the same time according to the alternate variant wave 4 of (5) may keep forming in the shape of the running or extended flat.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 20, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyse zigzag wave construction).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28199_5243.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28199_5244.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (y) of may complete soon.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28199_5245.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of running triangle XX may be completed, wave may be assuming the shape of the zigzag or more complicated extended correction.
http://www.alpari-forex.com/files/pic/docs/6/28199_5246.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (b) of may complete soon.
3. USD/JPYFor survey wave counting of JPY refer to Annual -07(2) and Monthly -0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28199_5247.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Two possible variants of supposed wave completion are given in the chart.
http://www.alpari-forex.com/files/pic/docs/6/28199_5248.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
With some strains the last upward movement may be presented in the shape of the impulse c of (iv). Then its ending is a beginning of supposed final wave (v) and a critical level for the accepted scenario.
4. USD/CHFFor survey wave counting of CHF refer to Annual -07(2) and Monthly -0907. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28199_5249.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28199_5250.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 21, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyse zigzag wave construction).After confirmation of this supposition it is logically to expect local strengthening of the dollar in the form of the ending wave of the above mentioned correction.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28216_5270.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28216_5271.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (y) of may complete soon.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28216_5272.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
It is not impossible that the wave of running triangle XX has already been completed, and wave may be assuming the shape of the zigzag or more complicated extended correction.
http://www.alpari-forex.com/files/pic/docs/6/28216_5273.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (b) of with approximately equal legs may complete soon.
3. USD/JPYFor survey wave counting of JPY refer to Annual -07(2) and Monthly -0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28216_5274.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Two possible variants of supposed wave completion are given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual -07(2) and Monthly -0907. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28216_5275.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28216_5276.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 24, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyse zigzag wave construction).After confirmation of this supposition it is logically to expect local strengthening if the dollar in the form of the ending wave of the above mentioned correction.
Those who place orders proactively (refer to How to Apply EWA Forecasts ), must remember that such strategy is aggressive, with high risks. In this case it is simply necessary to place protective stop orders after that ending of the wave that you supposedly consider to be the turning point of a local or global trend.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28234_5292.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28234_5293.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (y) of may complete soon.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28234_5294.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
It is not impossible that the wave of running triangle XX has already been completed, and wave may be assuming the shape of the zigzag (a)-(b)-(c) of with a sweepy leg (c) of or more complicated extended correction.
http://www.alpari-forex.com/files/pic/docs/6/28234_5295.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames it is not impossible that the second leg (c) of zigzag will continue to form. In this case it may asume the shape of a sweepy impulse or diagonal triangle, keeping guideline of alternation for zigzags (refer to page 140 of my book).
3. USD/JPYFor survey wave counting of JPY refer to Annual -07(2) and Monthly -0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28234_5296.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests a local strengthening of the dollar in the near term. Synchronous movement in the yen suggests alternate variant of counting, given on the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual -07(2) and Monthly -0907. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28234_5297.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28234_5298.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 25, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyse zigzag wave construction). After confirmation of this supposition it is logically to expect local strengthening of the dollar in the form of the ending wave of the above mentioned correction.
Those who place orders proactively (refer to How to Apply EWA Forecasts ), must remember that such strategy is aggressive, with high risks. In this case it is simply necessary to place protective stop orders after that ending of the wave that you supposedly consider to be the turning point of a local or global trend.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28252_5322.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28252_5323.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (y) of may complete soon.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28252_5324.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
It is not impossible that the wave of running triangle XX has already completed, and wave may be assuming the shape of the zigzag (a)-(b)-(c) of with a sweepy leg (c) of or more complicated extended correction.
http://www.alpari-forex.com/files/pic/docs/6/28252_5325.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames it is not impossible that the second leg (c) of zigzag will continue to form. In this case it may asume the shape of a sweepy impulse or diagonal triangle, keeping guideline of alternation for zigzags (refer to page 140 of my book).
3. USD/JPYFor survey wave counting of JPY refer to Annual -07(2) and Monthly -0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28252_5326.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests a local strengthening of the dollar in the near term. Synchronous movement in the yen suggests several alternate variants of counting one which is given on the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual -07(2) and Monthly -0907. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28252_5327.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28252_5328.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 26, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyze Zigzag Wave Construction). After confirmation of this supposition it is logical to expect local strengthening of the dollar in the form of the ending wave of the above mentioned correction.
Those who place orders proactively (refer to How to Apply EWA Forecasts), must remember that such strategy is aggressive, with high risks. In this case it is simply necessary to place protective stop orders after that ending of the wave that you supposedly consider to be the turning point of a local or global trend.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28267_5353.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28267_5354.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (y) of may complete soon. The final wave of impulse c of (y) of may be assuming the shape of the diagonal triangle.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28267_5355.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Wave of running triangle XX may be completed already, and wave may be assuming the shape of the zigzag (a)-(b)-(c) of with a sweepy leg (c) of or more complicated extended correction.
http://www.alpari-forex.com/files/pic/docs/6/28267_5356.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames the second leg (c) of zigzag may keep forming. In this case it may assume the shape of a sweepy impulse or diagonal triangle, keeping guideline of alternation for zigzags (refer to page 140 of my book).
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28267_5357.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests a local strengthening of the dollar in the near term. Synchronous movement in the yen suggests alternate variant of counting, given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-0907. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28267_5358.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28267_5359.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon. The final wave 5 of impulse (C) of of y of (y) of may be assuming the shape of the diagonal triangle.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 27, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyze Zigzag Wave Construction). After confirmation of this supposition it is logical to expect local strengthening of the dollar in the form of the ending wave of the above mentioned correction.
The review of possible scenarios of further movemets of the currencies under consideration and updating of targets will be issued this weekend in the monthly forecast for october.
2) Those who place orders proactively (refer to How to Apply EWA Forecasts), must remember that such strategy is aggressive, with high risks. In this case it is simply necessary to place protective stop orders after that ending of the wave that you supposedly consider to be the turning point of a local or global trend.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28284_5377.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
http://www.alpari-forex.com/files/pic/docs/6/28284_5378.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames zigzag (y) of may complete soon. The final wave of impulse c of (y) of may be assuming the shape of a contracting diagonal triangle.
It should be noted that a lot of contracting diagonal triangles end with a short-term break of the line of targets, in this case the upper forming line (refer to page 187 of my book).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28284_5379.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
It isn’t impossible that wave of running triangle XX has completed already, and wave may be assuming the shape of the zigzag (a)-(b)-(c) of with a sweepy leg (c) of or more complicated extended correction.
The alternate variant of counting permits that a rather complicated wave is now forming, but it doesn’t change the main point of the near-term expectations for price movement.
http://www.alpari-forex.com/files/pic/docs/6/28284_5380.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames the second leg (c) of zigzag may keep forming. In this case it may assume the shape of a sweepy impulse or diagonal triangle, keeping guideline of alternation for zigzags (refer to page 140 of my book).
3. USD/JPYUSD/JPY For survey wave counting of JPY refer to Annual-07(2) and Monthly-0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28284_5381.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests a local strengthening of the dollar in the near term. Synchronous movement in the yen suggests alternate variant of counting, given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-0907. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28284_5382.gif
Figure 6. Wave counting on 480 min chart. Local alterante variant of the scenario 3-alt2.
Supposed wave (y) of of skewed triangle XX may be presented in the shape of the double zigzag with almost equal legs. Let's wait for its completion confirmation.
http://www.alpari-forex.com/files/pic/docs/6/28284_5383.gif
Figure 1. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon. The final wave 5 of impulse (C) of of y of (y) of may be assuming the shape of the expanding diagonal triangle.
It should be noted that in expanding diagonal triangles the price practically never reaches the line of targets, in this case the lower forming line (refer to page 187 of my book).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comSeptember 28, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Supposedly, the last but one stage of many-month correction forming for the European currencies is almost completed (see article Let's Analyze Zigzag Wave Construction). After confirmation of this supposition it is logical to expect local strengthening of the dollar in the form of the ending wave of the above mentioned correction.
2) Those who place orders proactively (refer to How to Apply EWA Forecasts), must remember that such strategy is aggressive, with high risks. In this case it is simply necessary to place protective stop orders after that ending of the wave that you supposedly consider to be the turning point of a local or global trend.
1. EUR/USDEUR/USD For survey wave counting of EUR refer to Annual-07(2) and Monthly-0907. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28301_5416.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag with proportional legs. We should wait for confirmation of this wave completion.
If upward trend continues after a modest correction one of the alternate scenarios may turn preferrable.
http://www.alpari-forex.com/files/pic/docs/6/28301_5417.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames impulse c of (y) of may complete in the near term. The ending wave of this impulse supposedly has assumed the shape of a contracting diagonal triangle, the upper forming line of which has been already broken by the price sharp movement.
It should be noted that a lot of diagonal triangles end with a short term breach of targets line, in this case of the upper forming line (refer to page 187 of my book).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-0907. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28301_5418.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The updated counting of this sector of the chart suggests that a proportional zigzag of a running triangle XX has completed (or is very close to its completion). We have to wait for the cofirmation.
http://www.alpari-forex.com/files/pic/docs/6/28301_5419.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames diagonal triangle (c) of may complete soon.
It should be noted that in expanding diagonal triangles the price practically never reaches the targets line, in this case the upper forming line (refer to page 187 of my book).
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-0907. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28301_5420.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests a local strengthening of the dollar in the near term. Synchronous movement in the yen suggests alternate variant of counting, given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-0907. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28301_5421.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Supposed wave of y of (y) of of skewed triangle XX may be presented in the shape of a double zigzag with almost equal legs. Let's wait for its completion confirmation.
If the downtrend continues after a modest correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28301_5422.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames zigzag of y of (y) of may complete soon. The final wave 5 of impulse (C) of of y of (y) of may have assumed the shape of the expanding diagonal triangle.
It should be noted that in expanding diagonal triangles the price practically never reaches the line of targets, in this case the lower forming line (refer to page 187 of my book).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for September 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 1, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The market has only swayed to the needed direction (see Monthly-1007), having indicated a supposed reversal point of the local trend. After confirmation of the reversal it is logical to expect the dollar to strengthen in the form of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28314_5436.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of skewed triangle XX may be presented as a double zigzag (w)-(x)-(y) with proportional legs. We should wait for confirmation of this wave completion.
If upward trend continues after a modest correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28314_5437.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames impulse c of (y) of may be already completed. Critical and confirmatory levels for this supposition are given in the chart.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28314_5438.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Supposed wave of triangle XX may be presented as a zigzag (a)-(b)-(c) with proportional legs. We should wait for confirmation of this wave completion.
If upward trend continues after a modest correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28314_5439.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
According to a possible variant of wave counting on smaller time-frames diagonal triangle (c) of may be already completed. Critical and confirmatory levels for this supposition are given in the chart.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28314_5440.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests a local strengthening of the dollar in the near term. Synchronous movement in the yen suggests several alternate variants of counting, one of them is given in the chart. Critical and confirmatory levels for this supposition are given in the chart.
Horizontal correction from the mid of August suggests that downtrend will continue.
http://www.alpari-forex.com/files/pic/docs/6/28314_5441.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
According to a possible variant of wave counting on smaller time-frames upward movement may be forming in the shape of the diagonal triangle or wave sequence 1-2, 1-2. Critical and confirmatory levels for this supposition are given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28314_5442.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Supposed wave of y of (y) of of skewed triangle XX may be presented in the shape of a zigzag (A)-(B)-(C) with almost equal legs. Let's wait for its completion confirmation.
If the downtrend continues after a modest correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28314_5443.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
According to a possible variant of wave counting on smaller time-frames impulse (C) of of y of (y) of may be completed. Critical and confirmatory levels for this supposition are given in the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007 [*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 2, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The market has indicated the beginning of movement in favor of the dollar (see Monthly-1007). It is logical to expect the dollar to strengthen in the form of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28328_5460.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below the trend channel of supposed wave . If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28328_5461.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly the first waves of a downward local trend are forming. Critical and confirmatory levels are given in the chart.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28328_5462.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28328_5463.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Supposedly the first waves of a downward local trend are forming. Critical and confirmatory levels are given in the chart.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28328_5464.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests further local strengthening of the dollar. Synchronous movement in the yen suggests several alternate variants of counting, one of them is given in the chart. Critical and confirmatory levels for this supposition are given in the chart.
Though horizontal correction from the mid of August suggests that downtrend will continue.
http://www.alpari-forex.com/files/pic/docs/6/28328_5465.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
According to a possible variant of wave counting on smaller time-frames upward movement may be forming in the shape of the diagonal triangle or wave sequence 1-2, 1-2. Critical and confirmatory levels for this supposition are given in the chart.
If the alternate scenario in the upper part of the chart is confirmed a significant rally will be in store for us in the nearest future.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28328_5466.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The chosen scenario will be confirmed by price fixing above the trend channels of supposed wave and wave y of (y) of . If the critical level is broken and downtrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28328_5467.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposedly the first waves of an upward local trend are forming. The critical level is given in the chart.
5. USD/CADCAD is moving in accordance with the forecast, given in article USD/CAD Possible Weakening till the Mid of 2009 .
http://www.alpari-forex.com/files/pic/docs/6/28328_5468.gif
Figure 9. Wave counting on the daily chart.
Supposedly, the final impulse 5 of (5) of is forming. Possible targets are given in the chart. The area of the projected values of wave 5 of (5) ending should be adjusted once wave of 5 of (5) completes.
http://www.alpari-forex.com/files/pic/docs/6/28328_5469.gif
Figure 10. Wave counting on 240 min chart.
In the picture one of possible variants of wave counting of the final wave 5 of (5) is given. Correction of 5 may have started forming (if wave (v) of does not begin to lengthen). If the supposition is correct it is most probable that wave of 5 ending won't surpass 1.02 level.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007 [*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 3, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The market keeps moving in favor of the dollar (see Monthly-1007). It is logical to expect the dollar to strengthen in the form of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28346_5486.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below the trend channel of supposed wave . If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28346_5487.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly, the first waves of a downward local trend are forming in the shape of the impulsive structure. The price is moving in the narrow downward channel. The critical level is given in the chart.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28346_5488.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28346_5489.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Supposedly, the first waves of a downward local trend are forming in the shape of the impulsive structure (a wedge or a wave sequence 1-2, 1-2). The price is still moving in the narrow downward channel. The critical level is given in the chart.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28346_5490.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Wave picture of the European currencies suggests further local strengthening of the dollar. Synchronous movement in the yen suggests several alternate variants of counting, one of them is given in the chart. Critical and confirmatory levels for this supposition are given in the chart.
Though horizontal price movement from the mid of August suggests that a large extended correction may continue.
http://www.alpari-forex.com/files/pic/docs/6/28346_5491.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
According to a possible variant of wave counting on smaller time-frames upward movement may be forming in the shape of the diagonal triangle or impulse. The critical level for this supposition is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28346_5492.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The chosen scenario will be confirmed by price fixing above the trend channel of supposed wave y of (y) of . If the critical level is broken and downtrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28346_5493.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposedly the first waves of an upward local trend are forming in the shape of the impulsive structure. The price is still moving in the narrow upward channel. The critical level is given in the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007 [*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 4, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
It is probable that the market has decided to make a pause when the dollar was strengthening (see Monthly-1007). Supposed strengthening of the dollar may be forming in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28356_5511.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below the trend channel of supposed wave , reached yesterday. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28356_5512.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Usually after five steps downwards the market makes three steps upwards, correction is expected. Possible levels of retracement and the critical level are marked in the chart.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28356_5513.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28356_5514.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Supposedly, the first waves of a downward local trend are forming in the shape of the impulsive structure (a wedge or a wave sequence 1-2, 1-2). The price is still moving in the narrow expanding but downward channel. Correction forming is expected. Possible levels of price retracement and the critical/confirmatory levels are given in the chart.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28356_5515.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The wave picture of the European currencies suggests further local strengthening of the dollar. Synchronous movement in the yen suggests several alternate variants of counting, one of them is given in the chart. Critical and confirmatory levels for this supposition are given in the chart.
Though horizontal price movement from the mid of August suggests that a large extended correction may continue (see the alternate variant in the upper part of this chart and the alternate scenario in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28356_5516.gif
Figure 6. Wave counting on 120 min chart. Variant 2.
According to a possible variant of wave counting on smaller time-frames upward movement may be forming in the shape of the diagonal triangle or impulse. The critical level for this supposition is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28356_5517.gif
Figure 7. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The chosen scenario will be confirmed by price fixing above the trend channel of supposed wave y of (y) of , reached yesterday. If the critical level is broken and downtrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28356_5518.gif
Figure 8. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Usually after five steps upwards the market makes three steps downwards, correction is expected. Possible levels of retracement and the critical level are marked in the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007 [*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 5, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
A short pause, mentioned on Friday (see Daily-051007), is almost completed. Local strengthening of the dollar may continue in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ) in the nearest term.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28380_5536.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price is balancing at the edge of the trend channel of supposed wave . The chosen scenario will be confirmed by price fixing below this edge. If the critical level is broken and uptrend continues after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28380_5537.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly corrective wave ii is forming in the shape of the extended flat. Possible levels of retracement and the critical level are marked in the chart.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28380_5538.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28380_5539.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Supposedly corrective wave ii is forming in the shape of the zigzag. Possible levels of price retracement and the critical/confirmatory levels are given in the chart.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28380_5540.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The wave picture of the European currencies suggests further local strengthening of the dollar. Synchronous movement in the yen suggests several alternate variants of counting, one of them is given in the chart. Critical and confirmatory levels for this supposition are given in the chart.
Though horizontal price movement from the mid of August suggests that a large extended correction may continue (see the alternate variant in the upper part of this chart and the alternate scenario in Monthly-1007).
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28380_5541.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The price is balancing at the edge of the trend channel of supposed wave y of (y) of . The chosen scenario will be confirmed by price fixing below this edge. If the critical level is broken and downtrend continues after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28380_5537.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly corrective wave ii is forming in the shape of the extended (or running) flat. Possible levels of retracement and the critical level are marked in the chart.
http://www.alpari-forex.com/files/pic/docs/6/28380_5542.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007 [*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 8, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Supposedly, local strengthning of the dollar is forming in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ). We should wait for this supposition to be either confirmed or disproved.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28401_5557.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price is balancing at the edge of the trend channel of supposed wave . The chosen scenario will be confirmed by price fixing below this edge. If the critical level is broken and uptrend continues after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28401_5558.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly wave ii has formed in the shape of the extended flat. Though judging by its short relative duration and depth it may be just a part of the whole correction (see the alternate marking in the chart).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28401_5559.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28401_5560.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Two possible variants of the marking and the critical/confirmatory levels for the main scenario are given in the chart.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28401_5561.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. The critical level for this scenario is given in the chart.
Though horizontal price movement from the mid of August suggests that a large extended correction may continue (see the alternate variant in the upper part of this chart and the alternate scenario in Monthly-1007).
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28401_5562.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The price is balancing at the edge of the trend channel of supposed wave y of (y) of . The chosen scenario will be confirmed by price fixing above this edge. If the critical level is broken and downtrend continues after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28401_5563.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposedly wave ii has formed in the shape of the running flat. Though judging by its short relative duration and depth it may be just a part of the whole correction (see the alternate marking in the chart).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 9, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The price is moving in accordance with the released forecasts. Supposedly, local strengthning of the dollar is forming in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ). We should wait for this supposition to be either confirmed or disproved.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28408_5580.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price is balancing at the edge of the trend channel of supposed wave . The chosen scenario will be confirmed by price fixing below this edge. If the critical level is broken and uptrend continues after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28408_5581.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
This part of the chart on smaller time-frames may be treated differently even within the limits of the main scenario. The depth of the current correction (? iv? Ii?) and the length of the next downward acting wave may suggest a correct variant of the marking.
RSI on the 8-hour time-frame suggested expected price rise (see Daily-091007). Currently this index should be considered in the trend channel on a smaller time-frame (see Figure 2 here and part 4.6 of my book).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28408_5582.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28408_5583.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
This part of the chart on smaller time-frames may be treated differently even within the limits of the main scenario. The depth of the current correction (? iv? ii?) and the length of the next downward acting wave may suggest a correct variant of the marking.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28408_5584.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. The critical level for this scenario is given in the chart.
Though horizontal price movement from the mid of August suggests that a large extended correction may continue (see the alternate variant in the upper part of this chart and the alternate scenario in Monthly-1007).
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28408_5585.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The price is balancing at the edge of the trend channel of supposed wave y of (y) of . The chosen scenario will be confirmed by price fixing above this edge. If the critical level is broken and downtrend continues after a shallow correction one of the alternate scenarios may turn preferable.
http://www.alpari-forex.com/files/pic/docs/6/28408_5586.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
This part of the chart on smaller time-frames may be treated differently even within the limits of the main scenario. The depth of the current correction (? iv? ii?) and the length of the next upward acting wave may suggest a correct variant of the marking.
RSI on the 8-hour time-frame suggested expected price fall (see Daily-091007). Currently this index should be considered in the trend channel on a smaller time-frame (see Figure 7 here and part 4.6 of my book).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 10, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The price is moving in accordance with the released forecasts. Supposedly, local strengthning of the dollar is forming in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ). We should wait for this supposition to be either confirmed or disproved.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28418_5604.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price is balancing at the edge of the trend channel of supposed wave . The chosen scenario will be confirmed by price fixing below this edge. If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
The wave structure and waves correlation suggest that wave (a) of has completed in the shape of the impulse, currently corrective wave (b) of may be forming in the shape of the zigzag (see the next picture).
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28418_5605.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
The adjusted variant of the marking suggests that downward impulse (a) of has completed. If the supposition is correct once correction (b) finishes quite a powerful price fall may be in store for us.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28418_5606.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend keeps forming one of the alternate scenarios may turn preferable.
At the same time the wave structure and waves correlation suggest that wave (a) of has completed in the shape of the wedge, currently corrective wave (b) of may be forming in the shape of the zigzag (see the next picture).
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28418_5607.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The adjusted variant of the marking suggests that downward wedge (a) of has completed. If the supposition is correct once correction (b) finishes quite a powerful price fall may be in store for us.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28418_5608.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. The critical level for this scenario is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28418_5609.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The price is balancing at the edge of the trend channel of supposed wave y of (y) of . The chosen scenario will be confirmed by price fixing above this edge. If the critical level is broken and downtrend continues one of the alternate scenarios may turn preferable.
At the same time the wave structure and waves correlation suggest that wave (a) of has completed in the shape of the impulse, currently corrective wave (b) of may be forming in the shape of the zigzag (see the next picture).
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28418_5610.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
The adjusted variant of the marking suggests that upward impulse (a) of has completed. If the supposition is correct once correction (b) finishes quite a powerful price rally may be in store for us.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 11, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The price is moving in accordance with the released forecasts. Supposedly, local strengthning of the dollar is forming in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ). We should wait for this supposition to be either confirmed or disproved.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28436_5638.gif
The price has approached the critical level having formed a corrective wave (b) or its first part a of (b). The chosen scenario will be confirmed by price fixing below the edge of the trend channel of supposed wave . If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28436_5639.gif
Corrective wave (b) may be completed already in the shape of the zigzag. If the supposition is correct quite a powerful price fall may be in store for us.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28436_5640.gif
The price has formed a corrective wave (b) or its first part a of (b). The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28436_5641.gif
Corrective wave (b) may be completed already in the shape of the zigzag. If the supposition is correct quite a powerful price fall may be in store for us.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28436_5642.gif
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. The critical level for this scenario is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28436_5643.gif
The price has formed a corrective wave (b) or its first part a of (b). The chosen scenario will be confirmed by price fixing above the edge of the trend channel of supposed wave y of (y) of . If the critical level is broken and downtrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28436_5644.gif
The adjusted variant of the marking suggests that upward impulse (a) of has completed. If the supposition is correct once correction (b) finishes quite a powerful price rally may be in store for us.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 12, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The price is moving in accordance with the released forecasts. Supposedly, local strengthning of the dollar is forming in the shape of the final wave of a large correction (see article Let's Analyse Zigzag Wave Construction ). We should wait for this supposition to be either confirmed or disproved.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28450_5654.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price has approached the critical level having formed, supposedly, a corrective wave (b). The chosen scenario will be confirmed by price fixing below the edge of the trend channel of supposed wave . If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28450_5655.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Corrective wave (b) may be completed already in the shape of the zigzag. If the supposition is correct quite a powerful price fall may be in store for us.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28450_5656.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The price has supposedly formed a corrective wave (b). The chosen scenario will be confirmed by price fixing below 2.02. If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28450_5657.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Corrective wave (b) may be already completed in the shape of the zigzag. If the supposition is correct quite a powerful price fall may be in store for us.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28450_5658.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. The critical level for this scenario is given in the chart. Projected targets of supposed wave c of (y) of ending are also marked there.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28450_5659.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The price has supposedly formed a corrective wave (b) or its first part a of (b). The chosen scenario will be confirmed by price fixing above the edge of the trend channel of supposed wave y of (y) of . If the critical level is broken and downtrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of X ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28450_5660.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Corrective wave (b) may be completed in the shape of the zigzag. If the suppostition is correct quite a powerful price rally may be in store for us.
5. USD/CADCAD is moving accprding to the forecast, given in article CAD Possible Weakening till the Mid of 2009 (USD/CAD) .
http://www.alpari-forex.com/files/pic/docs/6/28450_5661.gif
Figure 8. Wave counting on 240 min chart.
In the picture two possible variants of marking of the final wave 5 of (5) are given. Wave (v) of of 5 may have decided to lengthen (it was mentioned in the previous supplement to the article). If the supposition is correct it is most probable that wave of 5 ending will not overcome 1.02 level.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 15, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) The price is moving in accordance with the released forecasts. Supposedly, local strengthning of the dollar is forming in the shape of the final zigzag (a)-(b)-(c) of of a large correction (see article Let's Analyse Zigzag Wave Construction ). Supposedly, this zigzag is almost completed . If the supposition is correct, the second leg (c) of of this zigzag directed in favor of the dollar, may be impetuous and very profitable. We should wait for it to be either disaproved or confirmed.
2) The traders who place orders proactively to catch a new trend, must remember that such a strategy is agressive, with high risks. In such a case it is simply necessary to place protective stop orders behind that ending of the wave that you supposedly consider to be the turning point of the local or global trend (see article How to Apply EWA Forecasts )
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price has approached the critical level having formed, supposedly, corrective wave (b). The chosen scenario will be confirmed by price fixing below the edge of the trend channel of wave . If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
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Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Corrective wave (b) may complete in the shape of the zigzag. If the supposition is correct quite a powerful price fall may be in store for us.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Forming of corrective wave (b) is supposed to be almost completed. The chosen scenario will be confirmed by price fixing below 2.02. If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
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Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Corrective wave (b) may be assuming the shape of the flat and it is almost completed. If the supposition is correct quite a powerful price fall may be in store for us.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. The critical level for this scenario is given in the chart. Projected targets of supposed wave c of (y) of ending are also marked there.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
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Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Suppsoedly, the price has almost formed corrective wave (b). The chosen scenario will be confirmed by price fixing above the edge of the trend channel of supposed wave y of (y) of . If the critical level is broken and downtrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of X ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28458_5682.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Corrective wave (b) may be completed in the shape of the flat. If the suppostition is correct quite a powerful price rally may be in store for us.
Note
Given possible trading plans are pure ly informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 16, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory